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AMERICAN FRIENDS OF THE<br />
HEBREW UNIVERSITY, INC.<br />
CONSOLIDATED STATEMENTS OF FINANCIAL POSITION<br />
AS OF SEPTEMBER 30, 2019 AND 2018 (IN THOUSANDS)<br />
CONSOLIDATED STATEMENTS OF ACTIVITIES FOR THE YEARS<br />
ENDED SEPTEMBER 30, 2019 AND 2018 (IN THOUSANDS)<br />
ASSETS 2019 2018<br />
SUPPORT 2019 2018<br />
AMERICAN FRIENDS OF THE HEBREW UNIVERSITY | 2019 ANNUAL REPORT<br />
Cash and cash equivalents<br />
Contributions receivable, net<br />
Interest receivables and other assets<br />
Marketable securities and other investments<br />
Investment in split-interest agreements<br />
State of Israel bonds<br />
Real estate holdings<br />
Assets of trusts and other split-interest agreements held by others<br />
Fixed assets, net<br />
9,729<br />
27,352<br />
2,273<br />
620,147<br />
26,244<br />
650<br />
2,865<br />
31,637<br />
79<br />
6,451<br />
22,166<br />
2,363<br />
620,425<br />
26,483<br />
2,539<br />
2,865<br />
31,217<br />
68<br />
TOTAL ASSETS $720,976 $714,577<br />
LIABILITIES 2019 2018<br />
Accounts payable and accrued liabilities<br />
Liability under split-interest agreements<br />
Due to Hebrew University<br />
Total Liabilities<br />
3,140<br />
16,688<br />
22,326<br />
42,154<br />
3,252<br />
17,086<br />
22,824<br />
43,162<br />
NET ASSETS 2019 2018<br />
Net assets without donor restrictions<br />
Net assets with donor restrictions<br />
Total Net Assets<br />
13,671<br />
665,151<br />
678,822<br />
8,993<br />
662,422<br />
671,415<br />
TOTAL LIABILITIES AND NET ASSETS $720,976 $714,577<br />
Contributions and events<br />
Legacies and bequests<br />
Total support<br />
REVENUE<br />
Net investment income (loss)<br />
Changes in value of split-interest agreements<br />
Changes in assets of trusts and other split-interest agreements<br />
held by others<br />
39,117<br />
18,906<br />
58,023<br />
16,403<br />
131<br />
(13)<br />
29,314<br />
16,246<br />
45,560<br />
52,037<br />
(992)<br />
(425)<br />
TOTAL SUPPORT AND REVENUE $74,544 $96,180<br />
EXPENSES 2019 2018<br />
Program Services<br />
Grants to Hebrew University<br />
Grants to other charitable and educational institutions in the<br />
United States and Israel<br />
Educational and other programs<br />
53,425<br />
180<br />
2,253<br />
48,508<br />
188<br />
2,286<br />
TOTAL PROGRAM SERVICES $55,858 $50,982<br />
SUPPORTING SERVICES 2019 2018<br />
Management and general<br />
Fundraising<br />
Total supporting services<br />
Total expenses<br />
Change in net assets<br />
3,498<br />
7,781<br />
11,279<br />
67,137<br />
7,407<br />
3,598<br />
7,886<br />
11,484<br />
62,466<br />
33,714<br />
AMERICAN FRIENDS OF THE HEBREW UNIVERSITY | 2019 ANNUAL REPORT<br />
NET ASSETS 2019 2018<br />
Beginning of year<br />
End of year<br />
671,415<br />
678,822<br />
637,701<br />
$671,415<br />
28 29
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